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Jan 15, 2013
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dell was the poster child for the pc in the '90s. the ecosystem somehow falling apart, thanks to smartphones, tablets and just a general decline there. general sales were down 8% in q3. gardener estimates they were down again nearly 5% in q4. at dell, pcs are half of revenue as of last quarter. both laptops and desktops are shrinking quickly. laptops down 26% last quarter. desktop revenue down 8%. the consumer business actually lost money. what's the road map to turning things around? networkering, serves and storage are doing pretty well for dell. although it's not clear how taking thinks private would grow those faster. it's worth noting that dell is not alone in its current buyout. hp stock has done worse. amd, the chipmaker is suffering. lots of companies that grew in the pc era have to reinvent themselves anyhow. >> jon fortt, thank you. it really isn't market conditions, it's not the business cycle, it's just the business model. nobody wants a company with declining cash flows or questions about its future. but we are in a peri
dell was the poster child for the pc in the '90s. the ecosystem somehow falling apart, thanks to smartphones, tablets and just a general decline there. general sales were down 8% in q3. gardener estimates they were down again nearly 5% in q4. at dell, pcs are half of revenue as of last quarter. both laptops and desktops are shrinking quickly. laptops down 26% last quarter. desktop revenue down 8%. the consumer business actually lost money. what's the road map to turning things around?...
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Jan 22, 2013
01/13
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>> i read into that specific circumstances with dell. there have been problems getting those sorts of size deals done in the private equity markets in europe. perhaps we're seeing a special case of that in europe. >> do you expect the euro to remain weak for the rest of the year? >> i expect the eurozone crisis to remain weak. people will look carefully at special situations across europe. >> and best performer of 2013? >> it's impossible to tell. let's say the whole of the market. >> very diplomatic answer there. david simple sop, thank you very much for coming by. some hopeful signs there. straight ahead on the program, talking of hopeful signs, our next guest is at u.s. oil production not seen since the 50s. what does it mean? we'll explore that when we come back. . >>> welcome back to "worldwide exchange." these are your headlines. the bank of japan steps up its easing agenda under heavy government pressure, doubling its inflation target and promising open ended qe starting next year. >>> president obama lays out a vision for his sec
>> i read into that specific circumstances with dell. there have been problems getting those sorts of size deals done in the private equity markets in europe. perhaps we're seeing a special case of that in europe. >> do you expect the euro to remain weak for the rest of the year? >> i expect the eurozone crisis to remain weak. people will look carefully at special situations across europe. >> and best performer of 2013? >> it's impossible to tell. let's say the...
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Jan 23, 2013
01/13
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for example, dell. would you be interested in investing in dell? >> well, we haven't -- we're not looking at dell. we think there's a lot of opportunity to buy good companies in the united states now. debt is pretty cheap and readily available. you know, the history of buyouts that are $20 billion or more is not replete with a lot of success. we would be cautious about something that large. we're not looking at it. >> in terms of sectors then, do you think financial services, manufacturing, technology, where would be most tune sonic. >> it energy -- opportunistic for you? >> the energy industry is big because of fracking techniques. that's a great place to invest. health care is attractive. the obama administration and other factors in the united states give the united states -- about 20% of gpd s in health care. the baby-boomers are retiring, they will spend on artificial hips, knees, and have the money to do it. that will be a great area. the third area is manufacturing. there's a revolution going on in manufacturing in the united states because
for example, dell. would you be interested in investing in dell? >> well, we haven't -- we're not looking at dell. we think there's a lot of opportunity to buy good companies in the united states now. debt is pretty cheap and readily available. you know, the history of buyouts that are $20 billion or more is not replete with a lot of success. we would be cautious about something that large. we're not looking at it. >> in terms of sectors then, do you think financial services,...
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Jan 14, 2013
01/13
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based on these numbers, we'll get hints about microsoft, hp and dell among others. and then there's intel's data center group revenues. those are important to watch. if companies are spending money on servesers, that bodes well for other players like ipbm. guys, back to you. >> okay. john fortin there. christine short is still with us. apple doesn't report, i believe, until next week, but it's seen as a drag on the market. just by how much? >> well, if we remove apple, it doesn't have a huge impact in the past few quarter b, we did see it giving a boost to the overall s&p 500, into the overall i.t. sector. if we pull it out, it's improving to negative 1.5%. and the overall s&p 500 growth rate improves to 3.6% from that 3.3%. so it does have a minor impact. we would like to see it, you know, coming up on positive year over year growth rate as opposed to a negative 3% it's speccing to see to the forty quarter. >> what are the other laggards you're going to look at? >> the top lag dp ards for the quarter are industrials. they're expected to be down about 2.6%. within t
based on these numbers, we'll get hints about microsoft, hp and dell among others. and then there's intel's data center group revenues. those are important to watch. if companies are spending money on servesers, that bodes well for other players like ipbm. guys, back to you. >> okay. john fortin there. christine short is still with us. apple doesn't report, i believe, until next week, but it's seen as a drag on the market. just by how much? >> well, if we remove apple, it doesn't...
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Jan 9, 2013
01/13
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♪ whatever your business challenge, dell has the technology and services to help you solve it. impact wool exports from new zealand, textile production in spain, and the use of medical technology in the u.s.? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. >>> welcome back to the program. these are your headlines -- alcoa eases global growth fears with better than expected earnings. >> european shares cheer the fourth quarter earnings season. >>> and dish network with an offer for clearwire in a bid to grab valuable spectrum. >>> we told you we're following comments from head of ubs investment bank who's testifying in the u.k. today. a couple of flashes for you. he says ubs believes everyone involved in the libor scandal has been appropriately dealt with and that, in fact, 18 staff h
♪ whatever your business challenge, dell has the technology and services to help you solve it. impact wool exports from new zealand, textile production in spain, and the use of medical technology in the u.s.? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees...
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Jan 7, 2013
01/13
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♪ whatever your business challenge, dell has the technology and services to help you solve it. [ male announcer ] how could a luminous protein in jellyfish, impact life expectancy in the u.s., real estate in hong kong, and the optics industry in germany? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. >>> and a recap of the headlines today, ininvestors focus from the fiscal cliff to fundamentals as the s&p 500 starts the week at fresh five-year highs. regulators water down bank liquidity rules giving a boost to financial stocks in europe. >>> and no takeover for alitalia right now. air france denies it's trying to buy the flagship carrier. >>> so the -- fairly dry on last week's deal to avoid the fiscal cliff. but congress is gearing up for the next hike over whether to raise the u.s
♪ whatever your business challenge, dell has the technology and services to help you solve it. [ male announcer ] how could a luminous protein in jellyfish, impact life expectancy in the u.s., real estate in hong kong, and the optics industry in germany? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary...
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Jan 17, 2013
01/13
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♪ whatever your business challenge, dell has the technology and services to help you solve it. >> with hotwire's low prices, i can afford to visit chicago for my first big race and l.a. for my best friend's wedding. because when hotels have unsold rooms, they use hotwire to fill them. so i got my hotels for half-price! >> men: ♪ h-o-t-w-i-r-e ♪ hotwire.com >>> yes, you are watching "worldwide exchange" and these are your headlines. boeing's dreamliner facing more groundings around the world. >>> rio tinto rattles markets with a surprise departure of its ceo. >>> and investors gear up for another round of bank earnsing with citigroup and bofa on tap before the u.s. open. >> more on those stories still to come, as well. first, the fda has approached a new type of flu vaccine that doesn't use eggs or the live flu virus in production. flu block uses dna technology which allows genetic material to be produced artificially and that offers the potential for faster start up of production in case of a flu pandemic. flu block has been approved for people ages 18 through 29. >> this comes for
♪ whatever your business challenge, dell has the technology and services to help you solve it. >> with hotwire's low prices, i can afford to visit chicago for my first big race and l.a. for my best friend's wedding. because when hotels have unsold rooms, they use hotwire to fill them. so i got my hotels for half-price! >> men: ♪ h-o-t-w-i-r-e ♪ hotwire.com >>> yes, you are watching "worldwide exchange" and these are your headlines. boeing's dreamliner facing...
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Jan 11, 2013
01/13
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♪ whatever your business challenge, dell has the technology and services to help you solve it. >>> we're going to be discussing italian auctions. just to remind you what we're looking for, 3.5 billion in three year notes today. that yield should be dipping under 2%. we'll get those results out fairly shortly. as soon as we do so, italian elections next month. we've got berlusconi on one side, pasani on the other hand. the monti interest party is kind of messing up the rates. >> markets are hopeful that monti will return to government, but his new centrist government is running at 12% in the polls. that is the high end of the five-star movements led by the former comedian. so there is some robe to be hopeful that a coalition government would include monti's centerist list, but we've always said a technocrat is not a politician. and the fact that monti has used his political virginity, as has been said, may actually hurt him. >> and what is the impact having on pasani, as well? if he has to distinguish himself from monti's policy, does that mean he has to go to the left? >> they're trying
♪ whatever your business challenge, dell has the technology and services to help you solve it. >>> we're going to be discussing italian auctions. just to remind you what we're looking for, 3.5 billion in three year notes today. that yield should be dipping under 2%. we'll get those results out fairly shortly. as soon as we do so, italian elections next month. we've got berlusconi on one side, pasani on the other hand. the monti interest party is kind of messing up the rates. >>...
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Jan 8, 2013
01/13
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♪ whatever your business challenge, dell has the technology and services to help you solve it. [ male announcer ] how could a luminous protein in jellyfish, impact life expectancy in the u.s., real estate in hong kong, and the optics industry in germany? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. >>> welcome back to the program. >> samsung will forecast an operating record profit in the fourth quarter. >> and aig considers legal action against the u.s. over its massive government bailout. >>> yes, talk about that. aig's board is meeting reportedly tomorrow to consider whether to sue the u.s. government over its $182 billion bailout which it just finished paying off. the "new york times" suggests the aig may join a $25 billion suit filed by former ceo hank greenberg. the suit argues the
♪ whatever your business challenge, dell has the technology and services to help you solve it. [ male announcer ] how could a luminous protein in jellyfish, impact life expectancy in the u.s., real estate in hong kong, and the optics industry in germany? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary...
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Jan 21, 2013
01/13
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♪ whatever your business challenge, dell has the technology and services to help you solve it. >>> as barack obama is on sworn in for his second term as president, what challenges does he face looking east? relations between the u.s. and china ma do seem to top the agenda again as territorial tensions continue to simmer in asia. the question is whether the u.s. will be caught between china and its neighbors. joining us now for more, adjunct professor at hong kong university of china and technology, the chinese university of hong kong. frank, welcome. this is almost perfectly summed up in events today where we saw the yen initially respond to china entering in surveillance mode these disputed seas, again. the u.s. in the meantime has reiterated it stands with its existing treaty wes japan. as president obama takes office, do you expect this to about be one of its top challenges? >> well, i think the top challenge in asia will continue to be china as it was in its first term. and the thing is, the u.s. is an ally of japan's and has said while it doesn't take a position on soverei
♪ whatever your business challenge, dell has the technology and services to help you solve it. >>> as barack obama is on sworn in for his second term as president, what challenges does he face looking east? relations between the u.s. and china ma do seem to top the agenda again as territorial tensions continue to simmer in asia. the question is whether the u.s. will be caught between china and its neighbors. joining us now for more, adjunct professor at hong kong university of china...
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Jan 10, 2013
01/13
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♪ whatever your business challenge, dell has the technology and services to help you solve it. [ male announcer ] how could switchgrass in argentina, change engineering in dubai, aluminum production in south africa, and the aerospace industry in the u.s.? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. >>> ahead of the u.s. open, the first spanish bond auction of the year. we've just seen the spanish ten-year go below 5%. it's been a while since it was below 5%. so confidence as far as equity plays are concerned continuing right now. i don't know if we can show anybody that. i can tell you it has gone below 5%. we turn our attention now back to latin america. venezuela's supreme court has discussed plan toes delay venezuela's hugo chavez's inauguration. this as the opposition party s
♪ whatever your business challenge, dell has the technology and services to help you solve it. [ male announcer ] how could switchgrass in argentina, change engineering in dubai, aluminum production in south africa, and the aerospace industry in the u.s.? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary...
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Jan 25, 2013
01/13
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♪ whatever your business challenge, dell has the technology and services to help you solve it. >>> welcome back to this truly global edition of "worldwide exchange." these are your headlines. wall street eyes another bull run at that psychologically important 1500 mark on the s&p 500. britain on the brink of another recession. gdp falls more than expected in the fourth quarter. and speaking in davos, mario draghi says the effects of ecb's bond buying scheme have yet to be fully realized. now, a recent easing in mexico's inflation rate has fueled speculation the bank may cut interest rates, this after latin america's second largest economy forecast a slight slowdown in growth in 2013 citing risks from debt crisis in the u.s. and europe. let's head back out to davos where maria bartiromo joins us now. she has a very special guest to help us shed light on what's happening in mexico's economy. >> hi, kelly. thank you so much. i am indeed talking to the minister of finance of mexico. good to see you, sir. >> hi, maria. >> thank you so much for joining us. we're hearing so much about
♪ whatever your business challenge, dell has the technology and services to help you solve it. >>> welcome back to this truly global edition of "worldwide exchange." these are your headlines. wall street eyes another bull run at that psychologically important 1500 mark on the s&p 500. britain on the brink of another recession. gdp falls more than expected in the fourth quarter. and speaking in davos, mario draghi says the effects of ecb's bond buying scheme have yet to...
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Jan 16, 2013
01/13
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♪ whatever your business challenge, dell has the technology and services to help you solve it. nothing. are you stealing our daughter's school supplies and taking them to work? no, i was just looking for my stapler and my... this thing. i save money by using fedex ground and buy my own supplies. that's a great idea. i'm going to go... we got clients in today. [ male announcer ] save on ground shipping at fedex office. >>> right. a short while ago, geoff was speaking to governor of the austrian central bank before we were rudely interrupted. now let's re-establish contact with geoff and mr. name unanymousl -- and mr. ewald nowotny. hopefully you can hear me now. mr. nowotny was talking about the euro exchange rate. pick up there. >> reporter: let me pick this up. sorry about the technology. let's take it from here. so jean claude junker says the euro is overvalued s. he right? >> as we know, at the ecb we do have a price stability goal. we do not have an exchange rate goal. so there is no direct policy of the ecb with regards to trade. and i personally think what we have seen is
♪ whatever your business challenge, dell has the technology and services to help you solve it. nothing. are you stealing our daughter's school supplies and taking them to work? no, i was just looking for my stapler and my... this thing. i save money by using fedex ground and buy my own supplies. that's a great idea. i'm going to go... we got clients in today. [ male announcer ] save on ground shipping at fedex office. >>> right. a short while ago, geoff was speaking to governor of...
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Jan 24, 2013
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♪ whatever your business challenge, dell has the technology and services to help you solve it. >>> all right. we've been looking a lot of the eurozone economy here in davos. with highlights are the reason again, unemployment numbers up 26%, a fresh record high. youth unemployment continuing to rise, as well. now if you're under age, under 25, more than one out of every two is without a job. so that is a sobering fact for those of us here in the snow. the eurozone crisis proving something of a drag and around the world. how is that fixing in with ceos optimism elsewhere is a review of what have somebody telling us in davos. >> first part of 2013 will be still challenging. you know, the secretary half will be better and we hope that 2014 will be much better. it is too early to say. i think the eu has taken action, the situation is much more stabilized, uncertainties have reduced. so i think we are on the right path for further growth. >> it's going to be a reasonably good year. if you exclude europe, i would say it's going to be a good year for the industry, but when you include
♪ whatever your business challenge, dell has the technology and services to help you solve it. >>> all right. we've been looking a lot of the eurozone economy here in davos. with highlights are the reason again, unemployment numbers up 26%, a fresh record high. youth unemployment continuing to rise, as well. now if you're under age, under 25, more than one out of every two is without a job. so that is a sobering fact for those of us here in the snow. the eurozone crisis proving...